“Party Leaders Should Be Open And Honest”; Corbyn Challenges May To Publish Her Full Tax Return
Jeremy Corbyn has revealed he paid nearly £50,000 in tax in 2016-7, the figures released by Labour show.

Labour leader made his own financial affairs public when he released details of his £136,762 income while he has challenged the Prime Minister Theresa May to publish her full tax return.

John McDonnell, the shadow chancellor, also released full copies of his submissions and challenged Mrs May and Philip Hammond to do the same.

The Leader’s income was £136,762, which includes his salary as an MP, leader of the opposition and pensions, and in total, he paid £48,079.80 in tax. Mr McDonnell also paid £24,099.20 in tax on a total income of £87,353.

Mr Corbyn said: “Tax avoidance and evasion deprive our public services of tens of billions of pounds every year and will only be tackled if we have the political will to do it.”

“We cannot expect the public to trust us as party leaders, if we are not prepared to be open and honest about our own tax arrangements,” he added.

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The PM, however, has said it should be up to individual MPs to decide whether to do so or not. She published her tax returns while running for the Tory leadership in 2016 but did not do so last year despite Mr Corbyn releasing his.

Mrs May earned £112,426 in 2014-15, plus £617 in interest and £5,419 in dividends while giving £685 to charity.

Mr McDonnell said: “I have again published my full tax return.”

“I have done this every year as shadow chancellor because I believe if you aspire to be in charge of the nation’s finances then you should be as open and transparent about your own income as possible.” he added:

“It is right that people in high office are subject to a high degree of scrutiny and I call on the Prime Minister and Chancellor to follow suit and publish their tax returns in full.”

Mr Hammond, the Conservative Chancellor of the Exchequer has declined to detail his earnings and tax paid.

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